Cryptocurrency investment products have been seeing significant development this year. According to a survey by CCData, the assets under management (AUM) held by these products has rose by nearly 60% year-to-date. Most of this increase is due to the growing interest in digital assets as investors become disillusioned with traditional markets and their volatility. Going into detail, AUM for Bitcoin- and Ethereum-based products respectively experienced a 6.34% and 8.72% increase, accumulating $24.2 billion and $7.85 billion for each currency respectively.

This was further fueled by the successful launch of the Shapella network upgrade that allowed investors to withdraw their Ethereum staked. Despite the decrease of 27.2% in average daily aggregate product volumes in April, the amount is still considered high compared to the trading volumes in previous years. Moreover, BTC-based products saw a positive net flow of $30.78 million, further demonstrating the popularity of these digital assets.

Finally, the survey showed that Bitcoin-based products continue to dominate the digital asset investment landscape, increasing their market share from 69.9% in January 2023 to 72.0% in April. This was only compounded by the huge outflow of short Bitcoin products, most likely caused by the sharp surge in BTC prices during March. Overall, the results paint a clear picture of a thriving industry and an ever-growing demand for cryptocurrencies.



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